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Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.

Accidents caused by 'sun dazzle' jump 12%

ACCIDENTS caused by the sun’s dazzling rays rose by 12% last year according to Department for Transport (DfT) figures. The official statistics show that ‘sun dazzle’ was a major factor in 2,905 accidents in 2012, compared to 2,592 in 2011. A-roads were the most common location for accidents influenced by sun dazzle, at 41% of the total.

Jaguar tells design story behind new XF Sportbrake [w/video]

Jaguar has released a walk-through of the design of its new XF Sportbrake, which debuted at last week's Geneva motor show. The video features Jaguar design boss Ian Callum and Studio Director Wayne Burgess explaining how the design team managed to keep the company's first official estate car in line with the sportiness and luxury nature of Jaguar brand. Callum says, "I know it's a very practical car, there's an amount of pragmatism in it, it is functional, but at the end of the day it is we call a Sportbrake, it has to look to sporty.